Loan Processing Specialist I

About the role

This position is responsible for accurately inputting basic commercial and consumer loan information into the core loan system using various sources of information. Additionally, the role involves reviewing loan funding and processing of general ledger tickets for accuracy and regulatory compliance.

Responsibilities

• Input basic commercial and consumer loan information into the core loan system using loan applications, promissory notes, booking data sheets, and other source documents in accordance with regulations and bank policies.
• Review loan funding and processing of general ledger tickets for accuracy and regulatory compliance, and input offsetting general ledger entries.
• Process monetary and non-monetary transactions for basic new and renewed loans.
• Communicate with lending staff to gather additional information needed to accurately board loans and resolve issues.
• Perform daily balancing of loan transactions and fees, and assist with the resolution of unreconciled transactions.
• Perform additional duties as assigned.

Requirements

• High school diploma or GED.
• Basic knowledge of commercial and consumer loan collateral, security, and lien perfection requirements.
• Basic understanding of loan structure and billing.
• Basic knowledge of loan compliance and coding requirements.
• Ability to effectively manage time and prioritize workload in a fast-paced environment.
• Strong communication, interpersonal, and organizational skills.
• Excellent customer service skills.
• Ability to effectively use Microsoft Office and other data entry systems.
• General understanding of debits and credits associated with loan/bank processing.
• Ability to understand and communicate loan document requirements.
• Analytical and judgement skills.

Physical Requirements / Working Conditions

• Must be able to sit for long periods of time and use a computer keyboard and/or mouse while viewing computer screens.